{"data":{"id":"us/31-cfr-515.403","jurisdiction":"us","citation":"31 CFR 515.403","heading":"Termination and acquisition of the interest of a designated national.","body":"(a) Except as provided in § 515.525, whenever a transaction licensed or authorized by or pursuant to this part results in the transfer of property (including any property interest) away from a designated national, such property shall no longer be deemed to be property in which a designated national has or has had an interest unless there exists in such property an interest of a designated national, the transfer of which has not been effected pursuant to license or other authorization.\n(b) Unless otherwise specifically provided in a license or authorization contained in or issued pursuant to this part, if property (including any property interest) is transferred to a designated national such property shall be deemed to be property in which there exists the interest of a designated national.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY","PART 515—CUBAN ASSETS CONTROL REGULATIONS","Subpart D—Interpretations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"a304b1ef0ac0dd53046869e23785df1b6ad7ed80802b31791dd15d6991de96b9","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-515.402","next":"us/31-cfr-515.404"},"notice":"GroundRules: Original legal text. Not legal advice."}